At the end of September of this year, the gross portfolio of the country's commercial sector reached $1.703 million, which is 2.1% lower than that reported in the same month of 2017.

Central Bank of Nicaragua (BCN) reported that, at the end of September of this year, the country's gross banking portfolio reached $4,891 million, 0.3% less than that reported in the same month of 2017.

On February 14th and 15th, representatives of banks, international financial institutions and risk rating agencies will meet in Panama City to discuss issues related to the sector.

The event called "International Banking Congress for Regulators & Bankers," will be organized by the Superintendence of Banks of Panama (SBP) and seeks to address issues such as Basel III, prevention of money laundering, de-risking, new risks facing the industry, financial innovation-Fintech, cybersecurity, among others.

Up to the ninth month of 2018, El Salvador's gross loan portfolio totaled $12.342 million, 5% more than the same month last year.

According to representatives of the Salvadoran Banking Association (Abansa), between September 2017 and the same month of 2018 the gross loan portfolio increased from $11.764 million to $12.342 million.

The Swiss bank, Julius Baer, reported that it will close its representative offices in the Central American country and will concentrate on other larger markets in the region such as Brazil.

The statement of the financial institution was made after Matthias Krull, a former employee of the bank in Panama, pleaded guilty in the U.S. two months ago for money laundering in a case of diversion of funds from the Venezuelan state-owned oil company PDVSA.

With the acquisition of Banvivienda, Global Bank will incorporate more than 39 thousand customers, 11 branches, which will be added to the 165,000 customers and 35 branches that the bank currently has.

Entities in the International Banking Center generated profits of $670 million in the first four months of the year, 11% more than in the same period in 2017.

The April result for the Banking Center, which includes general and international license banks, shows growth of 10.6%.The increase in Net Income is the result of increases in non-recurring financial income, such as the purchase and sale of securities and transactions with derivative instruments, and on the other hand, a decrease in provision expenses, as a result of the entry into force of IFRS 9, which has allowed banks to make an adjustment against retained earnings, informed the Superintendency of Banks.

In order to try to stop the deceleration in the issue of loans in dollars, authorities in Costa Rica have decided to soften the rules required of banks who grant loans in this currency.

The National Council of Supervision of the Financial System (Conassif) has decided to temporarily reverse the stricter measures that banks must comply with when granting loans in foreign currency to those who generate income in Colones, with the aim of counteracting the deceleration that has been seen in the issue of bank loans.

As of May 2018, the credit portfolio of the financial system in the Dominican Republic totaled $21.147 billion, registering an increase of 12% with respect to the amount reported in the same month in 2017.

According to figures from the Superintendency of Banks, between May 2017 and the same month of this year, the total amount of the loan portfolio increased from $18.957 billion to $21.147 billion.

The balance of credit card debt in Costa Rica doubled in the last eight years, going from $1 billion in April 2010 to just over $2 billion in the same month in 2018.

The balance of credit card debtdoubled in the last eight years, going from $1.005 billion in April 2010 to $2.095 billion in April 2018, the Ministry of Economy, Industry and Commerce (MEIC) has revealed, by means of a report prepared by the Directorate of Economic and Market Research.

The Central Bank of Costa Rica has increased to $27 million the minimum amount of capital required by banks to operate, and to $5 million the minimum amount for financial companies.

Yesterday the Central Bank agreement which establishes the changes was published in the official newspaper, La Gaceta, The minimum operating capital for private banks increased by 5.8%, rising from $25.6 million to $27.1 million.In the case of financial companies, the increase was from $5.1 million to $5.4 million.

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O4Bi is a system that allows to control and manage what a company needs: the complete process of development of works, accounts receivable, treasury, banks, sales and accounting.
O4Bi is a very robust system that allows to control and...